RXO, Inc. (NYSE:RXO) Receives Consensus Recommendation of “Hold” from Brokerages

RXO, Inc. (NYSE:RXO) has been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $25.67.

A number of equities research analysts have issued reports on RXO shares. Jefferies Financial Group lowered their target price on shares of RXO from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their price objective on RXO from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Thursday, August 8th. Benchmark reaffirmed a “hold” rating on shares of RXO in a report on Tuesday, August 13th. Barclays increased their price target on shares of RXO from $24.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley boosted their price objective on shares of RXO from $19.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th.

RXO Stock Down 2.3 %

RXO stock opened at $27.23 on Friday. The stock has a fifty day moving average of $28.39 and a 200-day moving average of $24.09. RXO has a fifty-two week low of $16.94 and a fifty-two week high of $32.82. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -302.56, a PEG ratio of 13.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.17 and a current ratio of 1.17.

RXO (NYSE:RXO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $930.00 million during the quarter, compared to analyst estimates of $934.14 million. RXO had a negative net margin of 0.55% and a positive return on equity of 2.22%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. As a group, equities research analysts predict that RXO will post 0.14 earnings per share for the current year.

Institutional Trading of RXO

A number of hedge funds have recently made changes to their positions in the stock. Motco raised its position in RXO by 5,450.0% during the first quarter. Motco now owns 2,442 shares of the company’s stock valued at $53,000 after purchasing an additional 2,398 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of RXO by 106,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 3,208 shares of the company’s stock valued at $70,000 after purchasing an additional 3,205 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of RXO by 2,235.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,643 shares of the company’s stock valued at $80,000 after buying an additional 3,487 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in RXO in the 2nd quarter worth approximately $112,000. Finally, PNC Financial Services Group Inc. grew its position in RXO by 62.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,181 shares of the company’s stock valued at $121,000 after acquiring an additional 1,987 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

RXO Company Profile

RXO, Inc provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina.